B2B revenue growth platform Novel Capital hires its first head

KANSAS CITY, Mo., Aug. 02, 2022 (GLOBE NEWSWIRE) — capital of the novelthe fintech revenue growth platform that helps B2B companies accelerate their growth, announced the hiring of a new chief credit officer, Mike Luebbers.

Luebbers is an expert in credit risk management and brings over 20 years of industry experience to Novel Capital. In his new role, he will play a critical role in developing Novel’s growth financing products that allow entrepreneurs to leverage predictable revenue in exchange for on-demand access to non-dilutive capital. With the addition of Luebbers, Novel plans to increase the number and scope of companies they can fund through innovative solutions and better risk management.

“Mike’s in-depth knowledge of the credit risk management and alternative lending industry makes him an extremely valuable member of our team, positioning Novel Capital as a leader in revenue-based funding options for B2B founders” , said Carlos Antequera, CEO of Novel Capital. “Mike is a key addition to our leadership team supporting our mission of empowering entrepreneurs on their growth journey.”

Prior to joining Novel Capital, Luebbers served as a credit manager at two financial services companies. At Lighter Capital, he oversaw all underwriting and risk management functions for the revenue-based finance company, and during his nine years at Bridge Bank, Mike rose to director of credit and oversaw administration. credit for a loan portfolio of more than $2 billion.

“Joining Novel Capital allows me to define the future of fintech and revenue-based financing,” Luebbers said. “With co-founders well-versed in alternative capital lending and direct experience in growing companies with predictable earnings, I am confident that we will deliver innovative capital products that will give entrepreneurs the breakthrough they need to achieve their next level of success.”

Luebbers joins two other key recruits this year, rounding out Novel’s management team. Earlier this year, Yoav Snir joins as Director of Partnerships, responsible for building the partner ecosystem and non-linear growth of the organization. Prior to Novel, Snir spent more than two decades at Amdocs, becoming their Global Head of Digital Partnerships.

Still in Q2, startup veteran Lynn Morton was added as Vice President of Marketing. His experience in B2B technology, marketing strategy, branding and demand generation will accelerate Novel’s go-to-market strategies. Morton’s most recent role was as vice president of marketing for Traitify, a visual personality assessment platform that was acquired by conversational hiring market leader Paradox in 2021.

These hires are another sign of momentum for Novel Capital, with the company recently announcing a round seed extender and one partnership with GrowthXhelping entrepreneurs increase their income through a sales bootcamp available through Novel’s platform.

To learn more about Novel Capital, visit the company’s website website Where LinkedIn.

About Novel Capital
capital of the novelFintech’s revenue growth platform aims to break down traditional barriers to growth faced by today’s B2B businesses. Their digital experience will allow founders to leverage predictable future earnings to access non-dilutive capital, unlock data-driven insights, and act on machine learning-based strategies that accelerate growth. The Novel platform allows entrepreneurs to capitalize on their momentum.

Media contact: Jon Keller, jon@propllr.com